All start up at the same moment, each signifying his or her willingness to undertake the commission. But Miss Denison singles out Doris, as being most accustomed to putting in an appearance downstairs at that time of the evening, and Doris accordingly leaves the room with a look of calm superiority at the others. The interval is spent in hot argument as before, and Dick is just offering Molly a bet consisting of a new book of travels against her recently purchased tennis racquet when the door opens, and Doris with a white, scared face re-enters the room.

"Doris!" exclaim all the voices in a breath, "what is the matter?"

The girl comes slowly towards the table, and resting one hand upon it she pushes back her ruffled fair hair with the other.

"I—I hardly know—" she gasps, "but something is wrong. I don't know what—only old Mr. Hobson is shut up with father in the study, and mother said I must not go in. Then father came rushing into the room and asked mother for his keys which he had left on the dining-table, and oh, it was his face that frightened me so—it was so white, and drawn, and old-looking!" and with a smothered sob Doris's head falls on the shoulder of the kind governess, who has risen and is standing with her arm round her pupil's waist.

"Courage, dear!" she whispers, gently stroking the bowed head. "This trouble, whatever it is, may not be so serious after all. Come, dry your eyes and wait here with the others whilst I go down to your mother and see if there is anything I can do;" and Miss Denison leaves the little group, with the exception of Doris, who is still crying quietly, standing staring at each other in blank dismay.

Before many minutes have elapsed Miss Denison returns, and though her face looks grave and anxious, she makes an effort to speak cheerfully.

"Your father has had some bad news in connection with his business, girls; but I do not know yet to what extent. We must all hope for the best, therefore, until we know more; and in the meantime, every one must do his and her best not to increase the trouble by showing grief which, after all, may prove to be quite uncalled for. It is already after nine, so Molly and Dick had better go to bed. I want you, Doris, to go down to your mother. You will find her in the drawing-room; and your father wants you to go to him in the study, Honor. I heard the hall door shut just now, so I expect Mr. Hobson has gone: he was just leaving as I came up. Now, dears, I will run up and say just a word to nurse, and then I will go down again to your mother. Honor, you will know where to find me. Your father may want to send some telegrams, and I may be able to help you."

When Doris enters the drawing-room she looks with a little surprise at her mother, who with closed eyes, handkerchief pressed to her delicate nose, and smelling-salts well within reach, is now gracefully reclining on the sofa.

Advancing further into the room she says softly, "Miss Denny sent me to you, mother, and she is coming down again herself after she has spoken to nurse. Honor is with father in the study."

"Yes, very well," says Mrs. Merivale languidly. "And now lower the lamps, Doris; and oh! do move about quietly. Now bring a chair and come and sit here, close to the sofa. I suppose you have heard the wretched news that old Mr. Hobson has brought to-night? It seems that your father's partner has embezzled immense sums from the bank, and when he heard of the probability of something occurring which would expose the whole thing, he quietly decamped, taking care to get a sufficiently good start to do away with any chance of his capture." Mrs. Merivale pauses a moment to give a vicious little pull to the sofa cushion, then she goes on impatiently, "I don't suppose it would have gone on to such an extent in any other case; but your father is the most unsuspecting man that ever breathed. He would allow himself to be cheated by anyone, under his very nose. I always disliked that man, and I told your father so; but of course I might just as well talk to the chairs and tables for all the attention there is paid to anything I say. Oh, good gracious! here is that dreadful dog! Do, for goodness' sake, take the creature away!"